Let's Connect - Laurie Nichols

Name*

First Last

Preferred Phone Number

City

State

Email*

Please choose the business that best describes where you are:*

Independent Wealth Manager/Registered Investment Advisor or Financial Planner
Independent Insurance Agency
Accounting/Tax
Legal
Other

Briefly describe the nature of your role including—are you a firm Owner/Founder? Successor? Seasoned professional considering next step?*

If you are an owner/founder, what factors are influencing your thinking about succession or exit strategies currently?*

Age
Personal health
Family matters
Ready to pursue your bucket list
Other

Does the need for planning feel urgent or is it a key element of your long term, strategic planning?*

If you are a successor or seasoned pro considering your options, what factors are influencing your thinking currently?*

Age
Lack of communication regarding the firm’s vision and where I fit in
Not sure I’m ready or really want to be an owner
Firm culture is not feeling like a good fit
Other

Succession planning requires putting thought into priorities and then putting those priorities into a plan. It doesn't have to be a perfect reflection at this point, but if you were to quickly rank your priorities, with 1 being most important and 5 being least important, how would you prioritize the following elements of a succession plan?*

Get top dollar for the business.
Make sure the clients are well taken care of after I leave the business.
Ensure my family and/or team is well taken care of.
Setting up the business to make sure it leaves a legacy of impact on the world.
Continue to play a role in in the business—one that I still enjoy.

What do you see at the biggest potential obstacles to successfully planning for successful succession in your business?*

Getting decision-makers to agree.
There is not a clear successor yet
Owners are uncomfortable or unwilling to talk about it
I'm too busy
Not sure where or when to start

What are your primary worries when you think about succession? (Check all that apply.)*

I worry about finding a successor.
I worry clients won't be happy.
I wonder if it's possible to find a buyer who will take care of my clients and/or team in the way I would want them to.
I worry that even with agreements in place, no one will continue doing things the way I envision after I leave
I worry I'm not ready for retirement.
I worry it might be too late to plan.
Other

What have you done so far to initiate planning or take steps toward succession?*

No steps taken
We have a current firm valuation
We've held team meetings
Successor has been identified
Other

What programs or external support have you invested in? If so, please list out.

If you were able to create a succession plan that allows your highest vision for the business to be realized, what could the impact be in your community? For your client's and their families? For your team?

Why is it so important to tackle this now?

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I’d love to hear from you. Let’s Connect!

Are you prepared for your leadership succession?